Throwing the little guy under the EWC bus – Frans Cronjé

[The Darkness]

If EWC goes ahead, within a very short space of time, it will spiral out of control. The entitled hard-working darlings will want to take a new home for themselves (as promised by the likes of EFF etc), and very quickly, things will escalate.
I'm not prepared to entertain this even if the chance is remote. We've already sold our property and have started moving our interests offshore. I'm planning to be out of SA within the next 2 years. I had so much love and hope for SA. Not anymore.

 

[SoldierMan]

If EWC goes ahead, within a very short space of time, it will spiral out of control. The entitled hard-working darlings will want to take a new home for themselves (as promised by the likes of EFF etc), and very quickly, things will escalate.
I'm not prepared to entertain this even if the chance is remote. We've already sold our property and have started moving our interests offshore. I'm planning to be out of SA within the next 2 years. I had so much love and hope for SA. Not anymore.

Good luck, hope it all works out for you, it's a big decision to make, up and leaving like that.
I'll be sticking it out with gold, silver and food storage. If it gets really bad we might just move, hope it's not too late by then.

Who knows wtf is going to happen with the current crop of idiots in charge. Hoping that they will see the error of their ways just seems foolish right now, but hey a little hope never hurt anyone, right.

 

[konfab]

Contractual remedies will still be pursued, it is procedure and protocol. It is when those remedies are challenged in court when many acts will be opened up like Pandora's box and new case law will be introduced into the establishment.

Still, human rights will be these institutions highest hurdle. Foreign and international statutes will also creep up on them. All which will come back to the state.

It could very well be that case law will put the brakes on the EWC train for this very reason. The entire legal system in this country is built on property rights, the courts know this. Which means that they are likely to state that compensation is mandatory if the property was obtained legally.

I don't even think this is too much of a stretch for the constitutional court. It has been packed with a bunch of progressive ideologues, which means they generally take the side of the little guy. If you have had the state take a couple of million Rands worth of assets from you, you are the little guy.

 

[The Trutherizer]

Man this is so messed up. So friggen messed up. How the hell could something like this ever... Ever! be considered to be legal? If it happened to me I'd just buy another place immediately for as much as possible. Then declare bankrupt. Screw the credit rating. It will be far easier to swallow than having to pay 0.5...1...1.5...2 million still on a property that you still owe money on. Of course the credit rating would be the least concern especially since I would immediately get my butt out of the country as soon as I'm square. Even if I have to appeal for refugee status which I think would be warranted, because something like this is pure abuse by the state.
There is a reason why apartheid led to sanctions. It was an abuse of basic human rights. Same for Zim and every other place where shiz like this has happened.
It will be one way to really piss people off. I hope this government is ready for extreme increased resistance from people who suffer due to things like this. Them and all their friends and family.

 

[Tokolotshe]

It could very well be that case law will put the brakes on the EWC train for this very reason. The entire legal system in this country is built on property rights, the courts know this. Which means that they are likely to state that compensation is mandatory if the property was obtained legally.

I don't even think this is too much of a stretch for the constitutional court. It has been packed with a bunch of progressive ideologues, which means they generally take the side of the little guy. If you have had the state take a couple of million Rands worth of assets from you, you are the little guy.

I have doubts, also the practicalities - post #10.

 

[Jabulani22]

Easy way around their logic , if your bonded property is EWC'ed , you cannot be held liable for any cost as you were paying for stolen land(whatever that means) , so the investigation should begin with who at the lending company allowed sales of stolen goods and aided in it.

 

[The Darkness]

Easy way around their logic , if your bonded property is EWC'ed , you cannot be held liable for any cost as you were paying for stolen land(whatever that means) , so the investigation should begin with who at the lending company allowed sales of stolen goods and aided in it.

That's a good point. Interesting

 

[ToxicBunny]

Garnishing order, attaching moveable assets etc...

They're welcome to do all of that...

If the property gets expropriated, there will be nothing left anyway./

 

[konfab]

I have doubts, also the practicalities - post #10.

Judgements like what?

The practical matter is that it is far easier for everyone (including the government) if the government has to pay compensation on legally obtained property.

 

[Vrotappel]

Imagine the capital flight in the first week of EWC...
Rand will go to ****. Your life savings will be wiped out.

 

[SoldierMan]

Imagine the capital flight in the first week of EWC...
Rand will go to ****. Your life savings will be wiped out.

Gold, buy f-ing gold!!!

 

[Flanders]

in the event of a client’s property being expropriated, the client would remain liable to settle the outstanding mortgage balance.

Is this what happened during apartheid? Haha. I think not.

They best get ready to lock up millions of people then because nobody is going to live under a bridge while supporting some twat living in your house. At least in prison we'd have a ****ing roof over our heads.

 

[maumau]

They can put in the all the clauses they want.

Unless people go to jail for bad debt (like in some middle eastern countries) it wont make any difference. Even then the bulk of folk will just abandon their homes and flee, just like those pics with the abandoned supercars in the middle east.

Probably set them alight before leaving. I would.

 

[grok]

LOL so much for promises & assurances ne!
Suddenly, the ones that left already seem the wise ones, there's gonna be nothing left of this place when they start taking property.
And the banks, do they really think I won't burn it down since they going to hold me accountable for the debt regardless?
Scorched earth isn't a new concept..

 

[BBSA]

Afriforum is going to be very busy.

 

[wingnut771]

Guess it will really suck if you have paid off your land and they take it.
Can write off your life's work

take a second bond just before ewc, then cash that out, keep it in your boot while you sleep in your car.

 

[wingnut771]

Good luck, hope it all works out for you, it's a big decision to make, up and leaving like that.
I'll be sticking it out with gold, silver and food storage. If it gets really bad we might just move, hope it's not too late by then.

Who knows wtf is going to happen with the current crop of idiots in charge. Hoping that they will see the error of their ways just seems foolish right now, but hey a little hope never hurt anyone, right.

where's a good place to get that?

 

[Jabulani22]

Gold, buy f-ing gold!!!

Gold is useless when there are armed bands of thugs roaming the countryside , rather invest in the real precious metals , brass , lead and copper.

 

[wingnut771]

Gold is useless when there are armed bands of thugs roaming the countryside , rather invest in the real precious metals , brass , lead and copper.

the armed band of thugs don't care for copper, brass and lead? what is lead good for other than lead poisoning? never mind, it's for the bullets.

 

[EADC]

I own thousands of acres of land in all the provinces. Should I be worried?

Why do you own land in the Northern Cape?